Alexander Labrunerie & CO. Inc. Has $370,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Alexander Labrunerie & CO. Inc. raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,073 shares of the company’s stock after buying an additional 202 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Philip Morris International were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Valley Wealth Managers Inc. boosted its stake in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC increased its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares during the period. Concord Wealth Partners raised its position in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares in the last quarter. Asset Dedication LLC boosted its position in shares of Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after acquiring an additional 147 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Philip Morris International during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $130.42 on Wednesday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The stock has a market capitalization of $202.78 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.30 and a beta of 0.55. The company has a 50-day moving average price of $125.22 and a 200-day moving average price of $123.24.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PM shares. Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.35.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.